sebi:SO/EFD-2/SD/283/APR/2019
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Facts / Headnote
Settled
Provisions invoked
- s. 11B
- s. 11(4)
- s. 15J
Regulations
- Reg. 12(1)
- Reg. 25
- Reg. 3(i)
- Reg. 34
- Reg. 23
Parties
- Ms. Priyanka Pathak
Holding
The pending proceedings under Section 11B read with Section 11(4) of the SEBI Act, 1992 and the adjudication proceedings against Ms. Priyanka Pathak for alleged insider trading in CRISIL Limited are settled qua the applicant upon payment of settlement charges, disgorgement and interest.
Full text
Settlement Order in the matter of CRISIL Limited Page 1 of 3 SO/EFD-2/SD/283/APR/2019 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA
Settlement Order in the matter of CRISIL Limited Page 2 of 3 connection with the open offer in CRISIL Limited and it was a co-incidence that the dates of her purchase and sales were proximate to the date of open offer. The applicant also submitted that alleged default have not caused any loss to any investor or affected the securities market in any manner. Further, the alleged gains were only `7,84,752.
Settlement Order in the matter of CRISIL Limited Page 3 of 3 8. In view of the above, in exercise of the powers conferred under Section 15JB of the Securities and Exchange Board of India Act, 1992 and in terms of Regulations 23 and 28 read with Regulation 34 of the SEBI (Settlement Proceedings) Regulations, 2018, it is hereby ordered that: i. the pending proceedings against the applicant under Section 11B read with Section 11(4) of the Securities and Exchange Board of India Act, 1992 and the adjudication proceedings for the default as discussed in paragraph 3 above, are settled qua the applicant as per the above terms, ii. this order disposes of the said pending proceedings in respect of the applicant for the default as mentioned above and; iii. passing of this order is without prejudice to the right of SEBI to take enforcement actions including commencing proceedings against the applicant, if SEBI finds that: a. any representation made by the applicant in the present settlement proceedings is subsequently discovered to be untrue; b. the applicant has breached any of the clauses/ conditions of undertakings/ waivers filed during the present settlement proceedings.
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Source: SecMarx — sebi:SO/EFD-2/SD/283/APR/2019. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.